A new report “Drone Taxi Market by Range (Intercity, Intracity), Propulsion (Fully Electric, Hybrid, Electric Hydrogen), Autonomy (Fully Autonomous, Remote Controlled), Passenger Capacity (up to 2, 3 to 5, more than 5), System , End Use & Region – Global Forecast to 2030, “predicts the market will grow from an estimated $ 74 million in 2025 to $ 860 million in 2030, with a CAGR of 63.0% over the forecast period. “The growth of the drone taxi market is largely attributed to the rapid rise in urban demographics and increasing demand for eVTOLs for inner-city transportation in various countries,” the report’s executive summary reads.
The report identifies the main players: Boeing and Joby Aviation in the US, Airbus in the Netherlands, Lilium and Volocopter in Germany and Ehang in China. The main players are all companies with “strong sales networks in North America, Europe, the Asia-Pacific region, the Middle East and Latin America,” according to the forecast.
Carpooling Centers and the Drone Taxi Market
The report predicts that ridesharing such as Uber will have a large share of the Drone Taxi market during the forecast period. “This growth is attributed to congested cities and the need for faster transport with defined travel routes to get from one destination to another. … due to the large number of air taxi operators and the expected increase in the acceptance of ride-sharing taxis after 2025, they are likely to make up the largest market share in the forecast period, ”the report says. Certainly deals refute this prediction. Uber Elevate, Uber’s Urban Air Mobility Division, teamed up with Joby Aviation last year: Transport systems around the world are looking for solutions for aviation.
Where – and when – do drone taxis fly?
The need is clear – and the vehicles are there: however, actual service will not take place everywhere before 2030. While the report predicts North America will grow the most during the forecast period, that doesn’t mean we’ll see drone taxi service in the next 8 years. It means that major industry players and international regulators are investing heavily in the drone taxi market.
North America is expected to grow at the highest CAGR in the period 2025-2030. The market growth in this region is due to strategic partnerships and financing in connection with the use of drone taxis by affected authorities in North American countries. For example, in January 2020 Joby Aviation entered into a strategic partnership with Toyota and Uber. Joby Aviation plans to go public through a reverse merger with Reinvent Technology Partners, a publicly traded blank check company valued at $ 690 million. Air taxis are likely to see increased demand for urban transportation in this region.
The US is moving towards urban air mobility. NASA’s National Campaign Researches UAM Issues: Unmanned Traffic Management Systems Are Developed to accommodate Advanced Air Mobility (AAM) vehicles. However, the actual service may appear in other markets first. China supports Ehang’s efforts by implementing projects ranging from passenger drone tourism to emergency services; Japan has vowed to implement AAM by 2023; and Korea is demonstrating drone taxis across the country.
While drone taxis may still be some time before cities in the US, the infrastructure and investments are well on their way to make it happen – someday.
Miriam McNabb is the Editor-in-Chief of DRONELIFE and CEO of JobForDrones, a professional marketplace for drone services, and a passionate observer of the emerging drone industry and regulatory environment for drones. Author of over 3,000 articles focusing on the commercial drone space, Miriam is an international speaker and recognized figure in the industry. Miriam graduated from the University of Chicago and has over 20 years experience in high-tech sales and marketing for emerging technologies.
For advice or writing in the drone industry, email Miriam
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